Kiwa Bio-Tech Products Group Corp (fka KWBT)

[canadiantrader_matt]

Labrys financed KWBT back in early 2019 for 940K which had a 180 day period before it can be converted into shares. There is still a 562K balance that they can convert which as of March 23rd PPS was the equivalent of 392MM shares. OS hasn’t gone up that much since so they can still convert a ton of their notes into shares.

Unless they decide to let the stock run (which they will bring it back down), the PPS will continue staying at these prices or lower as they keep offloading their shares.

Best bet here is KWBT take from the 10MM in quarterly sales and pay them off if not this will be stuck here for a long time but if that was the case they wouldn’t have increased the AS to 3BB so these note holders can offload their combined 1BB shares.

Good luck everyone, risk is too high now